Research On The Discrimination Of The Financial Crisis About The Listed Companies In China

With the effects of the global financial crisis, many companies in china have led to failuredue to financial crisis under the increasingly competitive environment, which causedirreparable damage to the state, companies and people. Therefore, how to forecast theoccurrence of financial crisis in that can control the economic loss timely is very important.Financial information is highly sensitive, because it can reflect all aspects of the businesstimely by changes of the financial indicators, which is very effective to forecast enterprisefinancial crisis dynamically. This article intends to create an effective model of forecastingfinancial crisis from the financial perspective. In order to research the problem, the foundationis the authenticity and validity of financial information. So it is very necessary to introduceeconomic value added which can reflect true value of companies by adjustment of accountingprofits and consideration of the cost of capital.In fact, the occurrence of the financial crisis is a process of development. So studying thefinancial crisis must stand in a dynamic perspective. This paper collected the data ofcompanies in financial crisis from2009-2012.Furthermore,the paper is committed to findingthe core indicators that can really forecast financial crisis to establish an effective model byconsidering profit ability, cash flow ability, long-term solvency, development ability,operational capacity, short-term solvency.This paper mainly divided into five parts. The first part is introduction which describesbackground and significance, innovation and ideas. The second part is literature review. Thethird part mainly introduces the selection of the sample and the establishment of financialindicators system. The fourth part is testing financial indicators by many methods to find theeffective indicators. The fifth part is the establishment of logistic model and the analysis ofthe model.